Techlead Next Public Company (TL) Fair Value & Analysis
Technology · TH · Market cap 2.4B THB
Fair value as of: Jul 12, 2026
From 14 valuation models · updated 29 days ago
Share price −4.8% over the past month.
A solid business, but screening 36% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (0.3060 THB). The favourable scenario is already priced in.
- Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
60‑month range 0.1200 THB – 1.61 THB · fair‑value band 0.1955 THB – 0.3060 THB · the 0.4000 THB price screens above the 0.2550 THB fair value. Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Techlead Next Public Company (TL) currently trades at 0.4000 THB, while our model-based Fair Value estimate is 0.2550 THB, implying the stock looks roughly 36.3% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Techlead Next Public Company generated revenue of 347M THB at a net margin of 20.5%. It earns a return on equity of 12.3%. The balance sheet holds a net cash position of 281M THB. The stock trades on a trailing P/E of 21.0. Fundamentals as of Jul 12, 2026
Our scenario range runs from 0.1955 THB (bear case) to 0.3060 THB (bull case); at 0.4000 THB, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 60% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -36%, TL screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 14 models by family
Widest divergence: DCF Models (0.3700 THB) versus Asset-Based (0.0500 THB). Highest evidence: Growth DCF (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 45
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Techlead Next Public Company Limited, together with its subsidiaries, provides technology solutions in Thailand. The company operates in two segments, Agriculture and Information Technology.
Full company description
Techlead Next Public Company Limited, together with its subsidiaries, provides technology solutions in Thailand. The company operates in two segments, Agriculture and Information Technology. It offers PromptPay, a payment gateway solution; digital marketing and communication services; and a marketplace platform that facilitates transactions and manages after-sales systems digitally. The company also develops custom campaigns and specialized software for various industries. In addition, it engages in the plantation, extraction, processing, distribution, import, export, and agriculture of hemps, and marijuana. The company was formerly known as Techlead NPN Public Company Limited and changed its name to Techlead Next Public Company Limited in February 2026. Techlead Next Public Company Limited was incorporated in 1987 and is based in Bangkok, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Techlead Next Public Company reported revenue of 234M THB in FY2025 versus 4.1M THB in FY2021, a compound +174.4%/yr. Reported net income was −13.3M THB in FY2025.
TL screens 36% overvalued. Compare with Microsoft Corporation →
Peer Group
Software - Infrastructure · 370 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Software - Infrastructure median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $384.00 | $274.17 | -29% |
| Oracle Corporation ORAC | C$9.08 | C$2.94 | -68% |
| Fortinet, Inc FTNT | $160.78 | $44.96 | -72% |
| Synopsys, Inc 1SNPS | €354.50 | €93.61 | -74% |
| Block, Inc XYZ | A$114.53 | A$70.69 | -38% |
| CoreWeave, Inc CRWV | $79.94 | $44.89 | -44% |
| Range Intelligent Computing Technology Group 300442 | ¥71.60 | ¥34.00 | -53% |
| Oracle Financial Services Software Limited OFSS | ₹11,651 | ₹5,821 | -50% |
| 360 Security Technology Inc 601360 | ¥9.64 | ¥5.05 | -48% |
| One97 Communications Limited PAYTM | ₹1,342 | ₹181.50 | -86% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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